Rahul-s trial nbsp- balance provide you the nbsp-following information- - Debtors amp-Rs- 80-000- Bad debts amp- Rs- -2-000- Provision for bad debts amp-Rs- 4-000 - It nbsp-is desired to maintain a nbsp-provision for bad debts of nbsp- Rs- 1-000- State the nbsp-amount to be debited-credited in profit and loss account-

Rs 1,000 (Credit) [ Bad Debts amp; 2,000; (+) New Provision amp; 1,000; amp; 3,000; ( ) Old Provision amp;( ...

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Logical Description of Accounting Equation(AE)

Rahul's trial...

Question

Rahul's trial balance provide you the following information:

$\begin{matrix} Debtors & R s . 80, 000 Bad debts & R s . 2, 000 Provision for bad debts & R s . 4, 000 \end{matrix}$

It is desired to maintain a provision for bad debts of Rs. 1,000. State the amount to be debited/credited in profit and loss account.

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Following information is given in trail balance

$\begin{matrix} Bad debt & R s . 3, 000 Provision for bad debts & R s . 3, 500 Debtors & R s . 40, 000 \end{matrix}$

Additional Information:

It is desired to make a provision for doubtful debts @10% on debtors. Find the amount to be debited to profit and loss account.

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